Electronic Switching Platform: ESP-Link™ Financial Transaction Solutions (FTS)
The phenomenal growth of electronic delivery channels has challenged companies to adapt quickly to an ever-changing business environment. ESP-Link™/FTS enables efficient transactions from any delivery channel and exchanges them securely and seamlessly with any destination, retail banking systems, card processing centres, stock exchanges, or EDI trading partners. FTS makes it convenient and easy to use e-commerce systems, and gives customers continuous access to funds and information.
Improve Customer Satisfaction
Build on Your Investment
Increase Revenues
Manage Risks
Build Winning Strategies Faster
Offer Faster Service and Shorter Lines
Guaranteed Availability (24x7x365)
Enable Efficient Integration of Existing Systems Infrastructure
Reduce Fraud and Bad Debt
Use Stand-In Authorization
Analyze In-Depth Customer Usage Trends
Create Relationship-Building, Cross-Selling Programs
FTS is ready for EMV transaction processing. The internal message structure of the Transaction Management Engine supports all the extensions required to manage the additional EMV data elements.
FTS is PA-DSS Certified. The Payment Application Data Security Standard (PA-DSS), formerly referred to as the Payment Application Best Practices (PABP), is the global security standard created by the Payment Card Industry Security Standards Council (PCI SSC).
All user interactions with the FTS application, monitoring, command, control, and configuration, now take place exclusively through the FTS graphical user interface. The new interface eliminates all need for command-line interactions with ESP-Link™/FTS.
ESP-Link™/FTS is now easier than ever to configure and administer. All configuration functions are real-time and are regrouped under a single top-level menu. A copy/paste function simplifies data entry, and no specialized knowledge of database tables is required. The result is vastly improved workflow, elimination of configuration errors, and much improved operational efficiency.
FTS contains technology for the automatic monitoring, detection, and repair of message queue incidents. A monitoring process for the switch also performs automatic instantiation and resource recovery based on loading parameters.
ESP-Link™/FTS is now easier than ever to configure and administer. All configuration functions are real-time and are regrouped under a single top-level menu. A copy/paste function simplifies data entry, and no specialized knowledge of database tables is required. The result is vastly improved workflow, elimination of configuration errors, and much improved operational efficiency.
In addition to ATM and POS proprietary and shared interchanges, the building block architecture of ESP-Link™/FTS can be used to build winning transaction management solutions, including:
FTS provides complete support for credit, debit, and cheque authorization requests for private label, national, or international cards.
FTS supports information exchanges to enable the acceptance and processing of remittance transactions. In this configuration, funds deposited in an office abroad are available instantly to recipients at home from any self-service device.
A centralized bill payment service bureau can be established on behalf of several financial institutions, reducing the need for each institution to maintain separate agency agreements with each utility company.
FTS can act as a bridge between incompatible branch applications and host systems by reformatting, routing, and managing transaction traffic from teller workstations and branch automation controllers.
FTS provides cost-effective regional hubs that deliver transaction switching services between disparate branch systems.
ESP-Link™/FTS can be used to manage transactions destined for a wide range of authorization end points, including retail banking systems, credit authorization bureaux, and more. Each authorization centre is not necessarily an ESP-Link™ application, although several, including Card Management, Internet Banking, Alert Server, Collections, and Health Claims Services, are available. These applications are designed using the same application architecture and fit seamlessly into ESP-Link™/FTS solutions.
ESP-Link™/FTS can be used to meet any business requirement in the financial services industry where a transaction originating at a terminal must be sent to an authorization centre and an answer returned to the terminal operator. Software from the Communications Building Block supports connectivity between terminals and the system. Communications can be performed using most popular protocols, including X.25, NCR ISO, TC500, SNA LU 6.2, TCP/IP, and many others.
The message-level interface between terminals and the ESP-Link™/FTS system is managed by terminal drivers from the Terminal building block. ESP-Link™/FTS systems utilize financial terminal drivers for ATMs, POS devices, statement printers, personal computers, credit authorization terminals, and other self-service and card-activated devices, including EMV-compliant devices.
ESP-Link™/FTS terminal interfaces transform terminal-specific message formats into ESP-Link™ standard message formats and pass these messages to the ESP-Link™ Transaction Management Engine (TME). All ESP-Link™/FTS systems use the TME to move data between network endpoints efficiently, securely, and error-free. The TME examines messages and routes them to the proper destination. Other TME functions include: transaction logging, transaction timing, message security, authorization, system status monitor updates, system log maintenance, supplementary authorization routines, and interfaces to host security modules.
ESP-Link™/FTS provides the infrastructure, the “glue”, to ensure that transactions move swiftly, securely, and reliably. These functions are collectively known as a switch or retail transaction delivery management system. Transaction management functions include:
ESP-Link™/FTS supports three different relational databases: Informix, Oracle, and DB2.
The ESP-Link™/FTS system maintains all data required to run the monitors and commands used by operators to run the system. ESP-Link™/FTS is provided with an Operations Workstation that can be used by individuals with sufficient security clearance to perform tasks generally carried out by network operators, such as:
Based in Toronto, Ontario, Canada, Bevertec CST Inc. has been providing staffing and banking software solutions to institutions around the world since 1981. We also serve clients outside of Canada, across North America, South America, Central America, Asia, Africa, Europe, the Middle East, and the Caribbean.